By .(JavaScript must be enabled to view this email address) - 06 December 2012, 11:41
In News, Power Generation

Kuwait targets 15% renewable energy by 2030

Electricity demand has been rising in the Gulf countries but many countries within the region are now turning to renewable energy. Image: IRENA.

Kuwait has set a target to generate 15% of its electricity demand from renewable energy including solar by 2030.

According to media reports, the Emir of Kuwait, Sabah al-Ahmad Al-Jaber Al-Sabah said at the United Nations climate talks in Doha this week that by 2015 Kuwait will meet 1% of its electricity demand from solar and wind energy.

Kuwait relies heavily on oil for power generation but according to the International Renewable Agency (IRENA), the country has approximately 70MW of installed renewable energy capacity. Of this capacity, PV accounts for 10MW and concentrated solar power accounts for 50MW. The remaining 10MW is accounted for by wind.

Kuwait is just one of several Middle Eastern countries that have recently turned towards renewable energy. Last month Dubai set a target to generate at least 5% of its energy from renewables by 2030 whilst Saudi Arabia is aiming to have 54GW of installed renewable energy capacity by 2032.

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Looking back, 2014 was a year of convalescence for a PV industry still battered and bruised from a period of ferocious competition. End-market demand continued apace, with analysts towards the end of 2014 predicting the year would see between around 45 and 50GW of deployment. That has begun to feed through to the supplier end of the market, with all the main manufacturers announcing capacity expansions in 2015 and further ahead.

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Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Kuwait targets 15% renewable energy by 2030

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